The V Kann Rasmussen Foundation Inc
- Assets
- $114.4m
- Revenue
- $8.9m
- Investments
- $107.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-2283123
Organization Overview
The V Kann Rasmussen Foundation Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V Kann Rasmussen Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, V Kann Rasmussen Foundation Inc generated $8.9m in total revenue.
Since 2020, V Kann Rasmussen Foundation Inc has awarded 160 individual grants totaling $54,791,744. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lois Eh Smith Porter Trustee And Treasurer | 2 | $20,000 | |
Andrew Bowman Trustee | 1 | $10,150 | |
Astrid Kann-Rasmussen Trustee And Board Chairman | 2 | $10,000 | |
Hans Kann Rasmussen Trustee And Vice Chairman | 1 | $10,000 | |
Kristian Kann Rasmussen Trustee | 1 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 6/29/21 | $148,420 |
Pkf O'connor Davies Llp | 6/29/21 | $68,075 |
Cambridge Associates | 6/29/21 | $148,420 |
Pkf O'connor Davies Llp | 6/29/21 | $68,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,562,450 |
| Interest on Savings | $0 |
| Dividends & Interest | $385,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,926,347 |
| Capital Gain Net Income | $6,017,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,470 |
| Total Revenue | $8,880,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,150 |
| Other employee salaries and wages | $287,172 |
| Pension plans, employee benefits | $106,759 |
| Interest | $0 |
| Taxes | $105,034 |
| Depreciation | $0 |
| Occupancy | $89,556 |
| Travel, conferences, and meetings | $20,633 |
| Printing and publications | $661 |
| Other expenses | $79,260 |
| Total operating and administrative expenses | $1,100,424 |
| Contributions, gifts, grants paid | $5,535,745 |
| Total expenses and disbursements | $6,636,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,494,647 |
| Savings and temporary cash investments | $3,035,211 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $82,016,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $114,406,258 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The V Kann Rasmussen Foundation Inc has awarded $35,067,288 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COPENHAGEN PURPOSE: IN SUPPORT OF THE CENTER FOR APPLIED ECOLOGY | $5,248,559 |
UNIVERSITY OF COPENHAGEN PURPOSE: IN SUPPORT OF THE CENTER FOR APPLIED ECOLOGY | $5,248,559 |
UNIVERSITY OF CAMBRIDGE PURPOSE: IN SUPPORT OF THE C-THRU PROPOSAL | $1,399,466 |
UNIVERSITY OF CAMBRIDGE PURPOSE: IN SUPPORT OF THE C-THRU PROPOSAL | $1,399,466 |
UNIVERSITY OF CAMBRIDGE PURPOSE: IN SUPPORT OF THE C-THRU PROPOSAL | $1,369,616 |
UNIVERSITY OF CAMBRIDGE PURPOSE: IN SUPPORT OF THE C-THRU PROPOSAL | $1,369,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |